Category: Technology

Jan 18, 2013 (LBO) – MilleniumIT, a Sri Lanka based unit of the London Stock Exchange group has struck a deal to provide trading and order routing technology to Peru’s Lima Stock Exchange. Peru will get Millennium Exchange softer and Millennium SOR smart order routing technology. “We are very conscious of the relevance of technology […]

Jan 09, 2013 (LBO) – Sri Lanka’s MAS Holdings has adopted a system provided by MillenniumIT and Dialog Axiata for internal communications for its plants and design centres in 41 locations in 10 countries. MillenniumIT, a unit of the London Stock Exchange group said the Microsoft Lync Server based system hosted by Dialog will allow […]

Jan 03, 2013 (LBO) – Mobitel, a unit of Sri Lanka Telecom is expanding its base stations by 1,800 to 3,500 which will result in 100 percent coverage of the population, the cellular operator said.The firm said it had opened ‘contact centres’ in Mullativu in the north and Sooriywewa in the south creating ICT based […]

Dec 31, 2012 (LBO) – Mobitel, a unit of Sri Lanka Telecom, the country’s largest fixed access provider, said it had launched fourth generation services (4G) using LTE (long term evolution) technology, Mobitel said it was the first company in South Asia to trial the services in May 2011 with downlink speeds exceeding 96Mbps. “Mobitel […]

Dec 30, 2012 (LBO) – Sri Lanka’s Dialog Axiata, a unit of Malaysia’s Axiata said it had launched fourth generation commercial broadband services starting with the capital Colombo targeting home and office markets. Wijayasuriya said the Telecommunications Regulatory Commission of Sri Lanka (TRCSL) has created an environment which encouraged investment in new technology. “The smooth […]

Dec 28, 2012 (LBO) – Surfers in South Asian nations, led by Sri Lanka are among those who searched most for the English word ‘sex’ in Google in 2012, according to data from the search giant originally unearthed by Emirates 24/7, a UAE based news portal. A query on Google trends, which tracks search queries […]

Dec 17, 2012 (LBO) – Hutchison Asia Telecommunications Ltd, Hongkong has appointed Thirukumar Nadarasa a veteran in the group, as chief executive of Hutch Sri Lanka with immediate effect. He headed Sri Lanka’s operations from 2002 to 2007 when the network converted to the GSM standard and then moved to Vietnam. “I am pleased to […]

Dec 15, 2012 (LBO) – Sri lanka’s Information technology and outsourcing firms are holding an ‘open day’ on December 20 in Colombo targeting expatriate Sri Lankans who have returned to the country for the holiday season. “Many Sri Lankan IT/BPO and Knowledge Services Industry companies are looking for seasoned well experienced professionals abroad to return […]

Dec 12, 2012 (LBO) – Sri Lanka’s state investment promotion agency said a visiting Belgian delegation had expressed interest in setting up information technology and IT enabled services. At present, Belgian investments range from the manufacture of solid rubber tires, one of Sri Lanka’s single largest export firms, diamond cutting and the manufacture of cigars […]

Dec 13, 2012 (LBO) – Virtusa Corporation, a US listed IT firm with development facilities in Sri Lanka has won a top award for a school management software, which is now being used in 130 countries, the firm said. Its Àkura School Management System (http://akuraschools.org) was recognized by the World Information Technology and Services Alliance […]

Dec 10, 2012 (LBO) – Sri Lanka’s Dialog Axiata said it will acquire a 26 percent stake in Digital Commerce Lanka (Pvt) Ltd, which owns Anything. lk an e-commerce site for 1.59 million US dollars. Dialog said in a stock exchange filing that it also planned to transfer group e-commerce businesses ibuy. lk and tradenet.lk […]

Dec 02, 2012 (LBO) – India’s Trimax IT Infrastructure Services Ltd will build a data centre in at Saki Knowledge and Technology Park in Hambantota in southern Sri Lanka. Sri Lanka’s investment promotion agency will give the firm a 12 year tax holiday. The Hambantota IT park is a state-sponsored venture in which around 100 […]